China’s search engine giant Baidu Inc. has announced plans to set up a new fund worth of US$500 million in its first phrase to invest in Internet and artificial intelligence start-ups.  The fund, named Changcheng Investment Partners, will be the third such fund established by Baidu. In 2016, Baidu set up Baidu Ventures, which raised US$200 million to invest in AI-related early-stage projects, and Baidu Capital, which raised RMB20 billion (US$3 billion) and focuses on mid- and late-stage deals in …

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